How to stake FRA to Claim FAIRY (for Android & iPhone user)
Last updated
Last updated
One of the most exciting aspects of the rise of cryptocurrency is the ability to earn passive income from staking and farming. However, it can be tough to know where to begin — which is why we’ve broken down for you step-by-step how to earn passive income in FAIRY tokens by staking your FRA.
FairySwap is the first automated market maker (AMM) decentralized exchange (DEX) built on Findora. Because of Findora’s unique, privacy-preserving architecture, FairySwap offers protections that other DEXs can’t, like programmable privacy and confidential transactions. It gives you all the advantages of a DEX — permissionless access and self-custody of keys — without exposing your personal or transaction data on a public blockchain.
Using Findora’s EVM, FairySwap will provide you with unbelievably fast cross-chain swaps with Layer 1 chains like Ethereum and Binance Smart Chain while minimizing transaction fees. It also allows you to stake FRA, Findora’s native token, in order to farm tokens like FAIRY. FAIRY is the governance token of FairySwap, so holding those tokens will give you voting rights to help determine the future of the DEX.
Here’s how to farm FAIRY with FRA. Let’s dive in!
Please be careful to follow this process step-by-step! Skipping steps can result in a failure to stake. .
First, click https://metamask.io/download.html to download MetaMask phone App.
Once you have downloaded MetaMask, you’ll need to set up your account.
If this is your first time using MetaMask, you will need to create a new wallet. Set up a password to sign off on transactions, and then be sure to securely store your 12-word mnemonic seed phrase. NOTE: Keep this mnemonic seed phrase safe and preferably offline! If you lose the key phrase you won’t be able to access your wallet, and if someone else has it, they will have total control of your funds.
You can also import an existing wallet by entering the 12 word seed phrase for that wallet.
On the network page, enter the following information (as shown above):
o Network Name：Findora mainnet or you can customize your network
o New RPC URL：https://prod-mainnet.prod.findora.org:8545
o Chain ID：2152
o Currency Symbol：FRA (optional)
o Block Explorer URL：https://evm.findorascan.io/
Once you have a MetaMask wallet and have configured the Findora network onto it, it’s easy to stake FRA tokens to earn FAIRY. Basically, the steps are:
Acquire FRC-20 FRA to fund your MetaMask Wallet
Connect your MetaMask Wallet
Stake FRA and claim FAIRY
First lets go over how to get FRC-20 FRA tokens to your MetaMask Wallet.
Step 1: Click here to download Findora Desktop Wallet (version 0.3.0+) and create a wallet address starting with “fra..” Here is an example: fra1qer9bn3kdnhfnwql7n94h5seasur4k4qcnd9wf17nrcwrj6dap7sxr5jxz
Step 2: After you download and install your wallet, create your password. Carefully save this password! It cannot be recovered if you lose or forget it! Password requirements: upper and lower case letters, numeric characters, special characters, and at least 9 characters long
Step 3：Click “create wallet”
Step 4：Save your key phrase in a secure place! Click “NEXT” to start the verification process. You will be required to enter three of the words in the correct order to verify that you do have your key phrase.
Step 5：Buy FRA at https://www.gate.io/ and transfer FRA to Findora Desktop Wallet from Gate. (Note: The withdrawal address is the address generated by Findora Desktop Wallet, and the amount of tokens withdrawn should be more than the withdrawal fee)
Step 6：Use the Prism option on the left side of the screen to transfer the FRA now in your Findora Desktop wallet from the native chain to the smart chain as shown in the following picture. NOTE: You can’t use Prism to send FRA directly from the native chain to an exchange. You have to use the EVM-Compatible wallet on the smart chain in Findora to transfer tokens to an exchange.
Step 1: Type this address: https://www.fairyswap.finance/farms in the search bar to navigate to the farm page of FairySwap. Then click “Connect Wallet.” Select MetaMask on the screen that pops up.
Step 2: Stake FRA & Earn FAIRY. If you are staking FRA for FAIRY for the first time, you have to click “Accept & Continue” on the Legal Disclaimer pop-up and type in your staking amount. You can start staking after paying the gas fee.
Step 1: Click “Harvest” and pay your gas fee.
Step 2: Go to your wallet on MetaMask and tap add tokens:
Step 3: Tap Custom Token and input the FAIRY token address (Note: the contract address of Fairy is 0xccc94d78b01d94330f25f7b8e827ef24249132de). Then hit “add token”. your FAIRY will now appear in your wallet and you’ll be able to check your balance.
And there you have it: A step-by-step process to farm FAIRY tokens with your FRA. Getting in early will help you farm more lucrative rewards, but whenever you start, you will be earning passive income with FRA that would otherwise be doing nothing.
Congrats! And don’t forget to follow FairySwap🧚♀️ on Twitter to get updates on the DEX.